The Recapitalization of the Commercial Real Estate Sector Continues and Markets Evolve
In September we highlighted some examples of the refinancing/recapitalization frenzy that was occurring all across the REIT sector. The trend continues.
The Recapitalization of the Commercial Real Estate Sector Has Begun
Back in March, in a herculean effort to create liquidity, the Federal Reserve pledged a multi-trillion dollar expansion of its balance sheet through the purchase of a broad swath of securities. In September Chair Jay Powell declared that interest rates would stay at or near zero through 2023.